Duplex Townhome with
For Sale
$999,900
1400 West Boulevard, Charlotte, NC 28208
Proposed duplex construction with two residences, private balconies, attached garages, and adaptable bonus areas.
Property Size3,967 SF
Price / SF$252.05
Days on Market55
Property Features for 1400 West Boulevard
General Information
Standard status
Active
Size
3,967 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Public Transit
Yes
Amenities
private balcony
flexible bonus space
Building Details
Year Built
2026
Buildings
1
Construction
duet-style
Listing Agency:
CEDAR REALTY LLC
Listed By:
Brandon Chase · License #249103
(704) 305-4178
Source:
Highperformancerea
Added: Aug 12
Changed: Oct 4
Last Checked: Oct 4 at 2:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CEDAR REALTY LLC
Investment Insights
Based on property information with market context.
Proposed construction presents a duet-style townhome configured as two private residences within one building. The property totals 3,967 heated square feet, with each side offering three bedrooms, 2.5 baths, open-concept living areas, a private balcony, an attached 1-car garage, and flexible bonus space. Select finishes may be customizable during construction.
The South End setting places the property minutes from Uptown, dining, breweries, shopping, rail transit, and major employment centers. The two-residence layout supports separate occupancy, leasing both units, or combining owner occupancy with rental use. Its configuration also accommodates multigenerational living and other ownership arrangements described for the property.
The South End setting places the property minutes from Uptown, dining, breweries, shopping, rail transit, and major employment centers. The two-residence layout supports separate occupancy, leasing both units, or combining owner occupancy with rental use. Its configuration also accommodates multigenerational living and other ownership arrangements described for the property.
Key Highlights
- 3,967 heated square feet across two private residences
- Each unit includes 3 bedrooms and 2.5 baths
- Private balcony and attached 1‑car garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,124
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,042,480
$1.0M
Cap Rate 7%
$744,629
$744.6K
Cap Rate 9%
$579,156
$579.2K
Market Conditions
NOI Build-Up for 3,967 SF
Gross rent
$78.5K $19.80/SF
− Vacancy
−$4.1K −$1.03/SF
EGI
$74.5K $18.77/SF
− OpEx
−$22.3K −$5.63/SF
NOI
$52.1K $13.14/SF
Area
Charlotte, NC
Vacancy
5.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,042,480
Cap Rate 7%
$744,629
Cap Rate 9%
$579,156
Alternative Uses
Best Use
Multifamily LT 5
$744.6K
$651.6K – $868.7K
NOI $52,124 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$685.7K
$600.0K – $800.0K
NOI $48,000 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,471 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
Explore this area
Business Placement
Demographics for 28208, NC
38,614
Population
17,842
Households
2.2
Avg Household Size
34
Median Age
26%
College-Educated
81%
High-School Grad
20.2 sq mi
ZIP Area
1,912
Density / Sq Mi
$51,339
Median Household Income
$40,359
Median Earnings
$1,173
Median Rent
$198,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Proposed duplex construction with two residences, private balconies, attached garages, and adaptable bonus areas.
Where is this duplex located?
The property is located at 1400 West Boulevard Charlotte, NC.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 3,967 heated square feet across two private residences; Each unit includes 3 bedrooms and 2.5 baths; Private balcony and attached 1‑car garage for each residence
